TSX:PRV.DB - Post by User
Post by
duplex5696on Oct 14, 2021 11:10am
265 Views
Post# 34005152
PRV-Steep Overhang
PRV-Steep OverhangFollowing the closing of its subscription ($6.85) on October 6th, there remained a steep overhang of sellers that needed to reduce their postion in PRV so as to comply with their allocated percentage of PRV relative to their other reit holdings.It will take some time before we see movement of PRV back to its pre-subscription price of $7.25. The good news is that at its current price this reit has a large upside potential. The full extent of its acquisition strategy is not reflected in its current share price. A look at some independent advisories who cover PRV suggest that "growth outlook" is the strongest factor in their assessment.